Feature of Economic Activities

  The following are the main features of economic activities:

1.   1.   Economic Activities: Economic motive is the basic feature of economic activities. Economic are always concerned with creating wealth and making profit. So the main objective of economic activities is to create wealth.

2.   2.   Creation of Utility: Creation of utility is another feature of economic activities. Such activities create various type of utilities, i.e. , from utility, place utility, possession utility, and time utility. Various raw materials are used to produce goods. Raw materials are converted in to finished goods which create utility.

3.   3.   Satisfaction of wants: Economic Activities are performed to satisfy human wants.

4.  4.    Measurement of Money: Economic activities are performing to make money. So all economic activities can be measure in the term of money.